Play Long-term Games With Long-term People

Naval

• Episode: Play Long-term Games With Long-term People
• Website: Naval
• Feed URL: https://naval.libsyn.com/rss
• Duration: 00:06:02
• Published: 2019-03-19 15:29

Pick an industry where you can play long-term games with long-term people. All returns in life come from compound interest over many turns of the game.

• Play long-term games with long-term people 0:00

• When you switch industries, you're starting over from scratch 2:21

• Long-term players make each other rich 4:02

• Returns come from compound interest in iterated games 4:49

Transcript: http://nav.al/long-term